Kaohoon’s Top News on May 19, 2021

In the upcoming announcement on May 21, 2021, SCG Packaging (SCGP) is expected to be included in the FTSE Index, with an estimated 75 million dollars or approximately 2.47 billion baht inflows into SCGP as a result of this inclusion. Meanwhile, on May 27, 2021, the company will join MSCI, with an expected inflow of 105 million dollars and 3.46 billion baht. SCGP has a target price of ฿59.00 per share, according to Bloomberg consensus, and its earnings outlook for this year has been updated to 8.66 billion baht, up 34.16%.


Minor International (MINT) expects to be back on track in the second half of this year as hotel operations in Europe resume following the widespread distribution of the Covid-19 vaccine throughout the region. Meanwhile, businesses in Phuket and Samui, are expected to benefit from the country’s reopening on July 1, 2021.


Today is the first trading day for NSL Foods (NSL) (May 19). Analysts predicted that the stock would rise above the IPO price of ฿12.00 per share. The main goal of joining the SET is to raise capital in order to grow the company, with a revenue target of 6,000 million baht over the next five years. NSL has a target price of ฿15.70 per share, according to analysts.


The overall net profit of listed companies in the first quarter of 2021 was 256 billion baht, up 160% year-on-year and 37% higher than the market consensus. The commodity sector saw the most growth in this quarter. This year’s earnings estimate for listed companies has been raised to 805 billion baht by Asia Plus Securities.


Mongkol Prakitchaiwatthana purchased a 13.5% stake in X Spring Capital (XPG) for 1.8 billion baht, bringing him the company’s second largest shareholder. In the hands of Rathian Srimongkol, Chairman of XPG’s Board of Directors, Mongkol is confident that the company will return to profitability.

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